PUBLIC-PRIVATE partnership, or PPP, has basically been understood as a joint venture between the private sector and the government to build infrastructure. Unfortunately, little effort has been undertaken by both the government and the private sector to see PPP as an avenue to discuss issues constructively and with the intention to jointly find and implement solutions.
The Asean region, in general, and the Philippines in particular, are faced with quite a number of challenges. Important decisions are to be made regarding infrastructuie development, financing of national and local governments, preparation for the digital revolution, focusing on inclusive growth, attracting foreign investment, addressing un- and underemployment and finding peace.
Although the impact will vary, nobody can walk away from these challenges. Governments (national and local), civil society and businesses will have to address these challenges jointly and will have to contribute their shares to finding solutions. Important is that all players understand that they have to carry part of the responsibility. Everybody has to contribute.
Businesses have to be willing to provide expertise, possibly funding, provided the government understands that its main task is to create an enabling environment. The Government will also have to accept that its track record in implementing projects is limited, and that, in partnership with the private sector, success rates will improve substantially.
PPP, in my view, will work if both sides will meet without preconditions, willing to listen, willing to learn, willing to provide ideas and possible solutions, willing to agree on targets and willing to implement them jointly.
Important factors are openness to new ideas, creativity in the search for joint solutions and the willingness to work together as equal partners.
European Chamber of Commerce of the Philippines has suggested the PPPs already for various sectors:
Initial success is already visible:
Source: Business Mirror